In my company they are not allowing me to include my parents(dependent) lic policy for tax exemption.Is there any solution to include in my tax submission.
Menu
Dependent Lic policy
Replies (3)
YOU CAN INCLUDE IT IN YOUR RETURN AND CLAIM IT
yes u can claim deduction ......
In 80C no Deduction is available for LIC paid by child for his parents. So your company is right. See Sec 80C
Recent Topic
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
Related Topics
CAclubindia
